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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.
MSC Industrial Direct Co's adjusted book value per share for the three months ended in Feb. 2024 was $24.698. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $27.43 for the trailing ten years ended in Feb. 2024.
During the past 12 months, MSC Industrial Direct Co's average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.
During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of MSC Industrial Direct Co was 10.10% per year. The lowest was 5.70% per year. And the median was 7.55% per year.
As of today (2024-05-26), MSC Industrial Direct Co's current stock price is $88.35. MSC Industrial Direct Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $27.43. MSC Industrial Direct Co's Cyclically Adjusted PB Ratio of today is 3.22.
During the past 13 years, the highest Cyclically Adjusted PB Ratio of MSC Industrial Direct Co was 6.40. The lowest was 2.12. And the median was 3.85.
The historical data trend for MSC Industrial Direct Co's Cyclically Adjusted Book per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MSC Industrial Direct Co Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Cyclically Adjusted Book per Share | Get a 7-Day Free Trial | 26.86 | 27.13 | 27.33 | 27.25 | 27.43 |
For the Industrial Distribution subindustry, MSC Industrial Direct Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Distribution industry and Industrials sector, MSC Industrial Direct Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where MSC Industrial Direct Co's Cyclically Adjusted PB Ratio falls into.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.
What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?
Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.
If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.
We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
For example, MSC Industrial Direct Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:
Adj_Book | = | Book Value per Share | / | CPI of Feb. 2024 (Change) | * | Current CPI (Feb. 2024) |
= | 24.698 | / | 130.9299 | * | 130.9299 | |
= | 24.698 |
Current CPI (Feb. 2024) = 130.9299.
MSC Industrial Direct Co Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201405 | 22.814 | 100.373 | 29.759 |
201408 | 22.697 | 100.352 | 29.613 |
201411 | 20.265 | 99.635 | 26.630 |
201502 | 20.413 | 99.032 | 26.988 |
201505 | 21.107 | 100.333 | 27.544 |
201508 | 21.617 | 100.548 | 28.149 |
201511 | 22.068 | 100.135 | 28.855 |
201602 | 22.342 | 100.040 | 29.241 |
201605 | 23.114 | 101.355 | 29.858 |
201608 | 19.412 | 101.617 | 25.012 |
201611 | 20.002 | 101.829 | 25.718 |
201702 | 20.741 | 102.779 | 26.422 |
201705 | 21.474 | 103.256 | 27.229 |
201708 | 21.726 | 103.587 | 27.461 |
201711 | 22.319 | 104.072 | 28.079 |
201802 | 23.831 | 105.052 | 29.701 |
201805 | 24.742 | 106.148 | 30.518 |
201808 | 24.818 | 106.383 | 30.544 |
201811 | 24.870 | 106.338 | 30.622 |
201902 | 25.381 | 106.649 | 31.160 |
201905 | 26.239 | 108.048 | 31.796 |
201908 | 26.775 | 108.245 | 32.386 |
201911 | 27.278 | 108.519 | 32.911 |
202002 | 22.631 | 109.139 | 27.150 |
202005 | 23.298 | 108.175 | 28.199 |
202008 | 23.647 | 109.662 | 28.233 |
202011 | 19.703 | 109.793 | 23.496 |
202102 | 19.887 | 110.968 | 23.464 |
202105 | 20.559 | 113.576 | 23.700 |
202108 | 20.746 | 115.421 | 23.534 |
202111 | 21.220 | 117.269 | 23.692 |
202202 | 21.920 | 119.703 | 23.976 |
202205 | 23.152 | 123.323 | 24.580 |
202208 | 24.170 | 124.958 | 25.325 |
202211 | 24.768 | 125.607 | 25.818 |
202302 | 25.414 | 126.928 | 26.215 |
202305 | 26.569 | 128.314 | 27.111 |
202308 | 26.653 | 129.538 | 26.939 |
202311 | 24.554 | 129.548 | 24.816 |
202402 | 24.698 | 130.930 | 24.698 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.
For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
MSC Industrial Direct Co's Cyclically Adjusted PB Ratio of today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 88.35 | / | 27.43 | |
= | 3.22 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
During the past 13 years, the highest Cyclically Adjusted PB Ratio of MSC Industrial Direct Co was 6.40. The lowest was 2.12. And the median was 3.85.
Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.
Thank you for viewing the detailed overview of MSC Industrial Direct Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Erik Gershwind | officer: SVP, Product Mgmnt & Marketing | C/O MSC INDUSTRIAL DIRECT CO INC, 75 MAXESS ROAD, MELVILLE NY 11747 |
Kristen Actis-grande | officer: EVP & Chief Financial Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Elizabeth Bledsoe | officer: SVP & Chief People Officer | C/O MSC LNDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Kimberly Shacklett | officer: SVP, Sales & Customer Success | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Douglas E Jones | officer: EVP, Chief Supply Chain | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Stacey L. Bennett | 10 percent owner | 410 PARK AVE., SUITE 620, NEW YORK NY 10022 |
Rahquel Purcell | director | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Martina Mcisaac | officer: EVP, Chief Operating Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Steven N Baruch | officer: SVP, STRATEGY & MARKETING | 18232 PENINSULA CLUB, CORNELIUS NC 28031 |
Mitchell Jacobson | director, 10 percent owner, officer: Chairman and CEO | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS RD, MELVILLE NY 11747 |
Louise K Goeser | director | C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101 |
John Hill | officer: SVP, Chief Digital Info Offr. | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Neal Dongre | officer: VP, Gen Counsel & Corp Sec | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Martin Edward F Jr | officer: SVP, Sales & Customer Success | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Kari D Heerdt | officer: SVP, Chief People Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
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